Shares of Calfrac Well Services Ltd (TSE:CFW) have been given an average rating of “Buy” by the fourteen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$6.77.

Several equities analysts have recently weighed in on CFW shares. Canaccord Genuity lowered shares of Calfrac Well Services from a “buy” rating to a “hold” rating and cut their target price for the company from C$6.00 to C$4.75 in a report on Tuesday, October 16th. National Bank Financial raised shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and set a C$4.85 price target for the company in a report on Tuesday, November 27th. Royal Bank of Canada boosted their price target on shares of Calfrac Well Services from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. JPMorgan Chase & Co. lowered shares of Calfrac Well Services from a “neutral” rating to an “underweight” rating in a report on Thursday, October 18th. Finally, CIBC cut their price target on shares of Calfrac Well Services from C$8.50 to C$6.50 in a report on Tuesday, October 16th.

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TSE:CFW opened at C$2.86 on Friday. The company has a debt-to-equity ratio of 197.07, a quick ratio of 1.76 and a current ratio of 2.38. Calfrac Well Services has a 1-year low of C$2.03 and a 1-year high of C$8.35.

Calfrac Well Services (TSE:CFW) last posted its earnings results on Thursday, October 25th. The company reported C$0.20 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.08. The firm had revenue of C$630.13 million for the quarter, compared to analysts’ expectations of C$595.80 million. As a group, equities analysts forecast that Calfrac Well Services will post 0.259999978333335 EPS for the current fiscal year.

About Calfrac Well Services

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, Mexico, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.